Hotel/Condo Development Opportunity

Vacant Land for Sale
Catylist Listing ID: 30733764
Property Subtypes: Hospitality, Multi-Family, Office, Retail, Vacation/Resort
Gross Land Area: 2.95 Acres
Sale Price: $5,000,000
Unit Price: $1,694,915 Per Acre
Sale Terms: Purchase Money Mortgage, Owner Financing
Cap Rate: Undisclosed
Last Updated: 9/25/2021

Overview / Comments

Priceless location, 2 blocks from historic Taos Plaza, this C1 commercial property has been previously approved for hotel/condo development up to 52 units.Pre-paid utilities and infrastrucutre included in asking price. Includes small structure in rear of property at 122 Las Cruces Lane currently as a multi-family rental. Dual access from Kit Carson Road and Las Cruces for easy access. This is an irreplaceable property!

Attachments & Media

Additional Details

Nearest MSA: Taos
County: Taos
Tax ID/APN: 1074148497324
Zoning: C1
Property Located Between: Las Cruces and Birch Streets
Property Visibility: Excellent
Legal Description: Sec17/T25N/Range13E- Part of Tract 13, Map 19, Survey 2, tract !, Quad 1=1.547 acre. Part of Tract 17, Map 19, Survey 2, tract 14, map 19, survey 2, lot 2, quad 1 =.404 acre. Part of tract 14, map 19, survey 2, lot 1, quad 1 =.996 acre.
Largest Nearby Street: Kit Carson Road/US 64
Feet of Frontage: 800
Traffic/Vehicle Count: 15,000
Highway Access: US 64
Airports: Taos Municipal Airport
Site Description: Cleared acreage ready for development. Utilities on site. Small old adobe home at back of lot. Town sewer, water.
Area Description: 2 blocks off of HistoricTaos Plaza, convenient to shopping, dining, galleries, and trails. Luxury resort just a few blocks east, further from Plaza. Bustling Taos, New Mexico is growing!
Zoning Description: Commercial
Topography: Level
Easements: Water Rights
Soil Type: Mixed
Available Utilities: Electric, Water, Gas, Sewer, Broadband, Internet Access
Water Service: Municipal
Sewer Type: Municipal

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Demographic Statistics

Proximity: 1 mile 3 miles 5 miles
Total Population: 3,004 8,256 8,256
Median Age: 47.85 44 44
Households: 1,534 3,866 3,866

Contact

Photograph of Listing Agent

Debbie Friday Jagers

Century 21 Award CARNM CIE Member
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